SAN JOSE, CA -- (Marketwire) -- 11/19/12 -- Brocade® (NASDAQ: BRCD) today reported financial results for its fourth quarter and full fiscal year 2012 ended October 27, 2012. Brocade reported record fourth quarter revenue of $578 million, representing an increase of 5% year-over-year and 4% quarter-over-quarter. Revenue for fiscal year 2012 was $2,238 million, a record for the company, up 4% year-over-year. The resulting GAAP diluted earnings per share (EPS) was $0.11 for Q4 and $0.41 for fiscal 2012, on record annual net income of $195 million. Non-GAAP diluted EPS was $0.17 for Q4, the fifth consecutive quarter of year-over-year EPS growth, and $0.66 for the year.
"Q4 was an excellent quarter for Brocade and a strong ending for fiscal year 2012 during which we established a number of company records including revenue, net income, and operating cash flow," said Michael Klayko, CEO of Brocade. "Our product portfolio across all areas of our business is the strongest it has ever been and we are driving industry transformation in emerging areas of growth including virtualized data centers, cloud computing, and software-defined networking. We believe Brocade is well-positioned for continued growth in fiscal 2013."
Summary of Q4 and fiscal 2012 results:
- Q4 2012 Storage Area Networking (SAN) business revenue, including products and services, was $394 million, up 9% year-over-year and 4% quarter-over-quarter. SAN product revenue increased 12% year-over-year and 5% quarter-over-quarter, in a seasonally strong quarter for the Company. Brocade's 16 Gbps Fibre Channel products represented nearly 35% of director and switch revenue in the quarter. Fiscal 2012 SAN business revenue was $1,578 million, up 7% year-over-year.
- Q4 2012 IP Networking business revenue, including products and services, was $184 million, down 3% year-over-year and up 4% quarter-over-quarter. Ethernet switch revenue was up 5% year-over-year and 1% quarter-over-quarter, while routing revenue was down 10% year-over-year and up 9% quarter-over-quarter. From a customer standpoint, Federal and Service Provider revenues were both up sequentially, while Enterprise revenue was lower. Fiscal 2012 IP Networking business revenue was $659 million, down slightly year-over-year.
- Q4 2012 GAAP gross margin was 62.4% and non-GAAP gross margin was 64.8%, compared with 59.5% and 62.9% in Q4 2011, respectively. The year-over-year improvement in gross margin was due to higher revenue, favorable product mix, and lower fixed costs. Fiscal 2012 GAAP and non-GAAP gross margin improved to 61.8% and 64.5%, respectively, compared with 59.8% and 62.5% in fiscal 2011, due to higher revenue and favorable product mix.
- GAAP operating margin was 14.9% and non-GAAP operating margin was 22.5% in Q4 2012, compared with 9.9% and 21.0% in Q4 2011, respectively. Operating margin expanded both year-over-year and quarter-over-quarter on higher revenue and improved gross margin. Fiscal 2012 GAAP operating margin was 12.4% and non-GAAP operating margin was 20.5%, compared with 8.3% and 17.6% in fiscal 2011, respectively. The improvement in operating margin for the full year was a result of higher gross margin and lower operating expenses as a percentage of revenue.
- Fiscal 2012 GAAP EPS of $0.41 was up 310% year-over-year on net income of $195 million, up more than 280% year-over-year. Fiscal 2012 non-GAAP EPS of $0.66 was up 33% year-over-year on non-GAAP net income of $311 million, up 26% year-over-year.
- Average diluted shares outstanding for Q4 2012 were lower by 11.7 million from Q4 2011, principally from share repurchases during the past year, including 11.2 million shares ($60 million) repurchased during Q4 2012.
- Operating cash flow was $210 million in Q4 2012 and $591 million in fiscal 2012, both records. During the quarter, the Company paid the remaining $30 million of its term loan and ended the year with a cash balance of $713 million and cash, net of debt, of $108 million.
Brocade management will host a conference call today at 2:30 p.m. PT (5:30 p.m. ET) to discuss fiscal fourth quarter and full year results, as well as a fiscal first quarter 2013 outlook. To access the webcast please go to www.brcd.com/events.cfm. A replay of the conference call and the prepared comments and slides will be available at www.brcd.com.
Other Q4 2012 product, customer, and partner announcements are available at http://newsroom.brocade.com/.
Financial Highlights and Additional Financial Information
Q4 2012 Q3 2012 Q4 2011
--------- --------- ---------
Revenue $ 578M $ 555M $ 550M
GAAP net income (loss) $ 54M $ 43M $ (4M)
Non-GAAP net income $ 78M $ 67M $ 79M
GAAP net income (loss) per share -- diluted $ 0.11 $ 0.09 $ (0.01)
Non-GAAP EPS -- diluted $ 0.17 $ 0.14 $ 0.16
GAAP gross margin 62.4% 61.3% 59.5%
Non-GAAP gross margin 64.8% 63.7% 62.9%
GAAP operating income $ 86M $ 70M $ 55M
Non-GAAP operating income $ 130M $ 108M $ 116M
GAAP operating margin 14.9% 12.6% 9.9%
Non-GAAP operating margin 22.5% 19.5% 21.0%
Adjusted EBITDA (1) $ 153M $ 131M $ 138M
Cash provided by operations $ 210M $ 113M $ 206M
- Q4 2012 effective GAAP tax rate was 25.1% and effective non-GAAP tax rate was 32.4%.
- Q4 2012 total SAN port shipments were approximately 1.13 million.
Please see important note of explanation on Non-GAAP measures below, including a detailed reconciliation between GAAP and Non-GAAP information in the tables included herein.
Q4 2012 Q3 2012 Q4 2011
--------- --------- ---------
As a % of total revenues
OEM revenues 65% 67% 62%
Channel/Direct revenues 35% 33% 38%
10% or greater customer revenues 46% 55% 41%
Domestic revenues 63% 64% 62%
International revenues 37% 36% 38%
SAN product revenues 59% 58% 55%
IP Networking product revenues 26% 26% 29%
Global Services revenue 15% 16% 16%
SAN business revenues (2) 68% 68% 66%
IP Networking business revenues (2) 32% 32% 34%
Estimates as a % of IP Networking business
revenues:
Enterprise, excluding Federal 45% 52% 57%
Federal 24% 19% 18%
Service Provider 31% 29% 25%
Q4 2012 Q3 2012 Q4 2011
--------- --------- ---------
Cash, cash equivalents and short-term
investments $ 713M $ 581M $ 415M
Deferred revenues $ 293M $ 280M $ 270M
Capital expenditures $ 17M $ 18M $ 20M
Total debt, net of discount $ 601M $ 630M $ 789M
Days sales outstanding 37 days 38 days 41 days
Employees at end of period 4,536 4,597 4,546
(1) Adjusted EBITDA is as defined in the Term Debt Credit Agreement.
(2) SAN and IP Networking business revenues include product and global services revenues.
Non-GAAP Financial Measures
This press release contains non-GAAP financial measures. In evaluating Brocade's performance, management uses certain non-GAAP financial measures to supplement consolidated financial statements prepared under GAAP.
Management believes that non-GAAP financial measures used in this press release allow management to gain a better understanding of Brocade's comparative operating performance both from period to period, and to its competitors' operating results. Management also believes these non-GAAP financial measures help indicate Brocade's baseline performance before gains, losses or charges that are considered by management to be outside ongoing operating results. Accordingly, management uses these non-GAAP financial measures for planning and forecasting of future periods and in making decisions regarding operations performance and the allocation of resources. Management believes these non-GAAP financial measures, when read in conjunction with Brocade's GAAP financials, provide useful information to investors by offering:
- the ability to make more meaningful period-to-period comparisons of Brocade's ongoing operating results;
- the ability to make more meaningful comparisons of Brocade's operating performance against industry and competitor companies;
- the ability to better identify trends in Brocade's underlying business and to perform related trend analysis;
- a better understanding of how management plans and measures Brocade's underlying business; and
- an easier way to compare Brocade's most recent results of operations against investor and analyst financial models.
Management excludes certain gains or losses and benefits or costs in determining non-GAAP net income that are the result of infrequent events or arise outside the ordinary course of Brocade's continuing operations. Management believes that it is appropriate to evaluate Brocade's operating performance by excluding those items that are not indicative of ongoing operating results or limit comparability. Such items include: (i) provision or benefit from certain pre-acquisition litigation (ii) legal fees associated with certain pre-acquisition litigation, (iii) legal fees associated with indemnification obligations and other related costs, net, (iv) acquisition and integration costs, (v) loss on sale of property, (vi) interest expense related to the adoption of new standards relating to convertible debt instruments, (vii) original issue discount and debt issuance costs of debt related to lenders that did not participate in refinancing, and (viii) loss on sale of a subsidiary.
Management also excludes the following non-cash charges in determining non-GAAP net income (i) stock-based compensation expense and (ii) amortization of purchased intangible assets. Because of varying available valuation methodologies, subjective assumptions and the variety of award types, management believes that the exclusion of stock-based compensation allows for more accurate comparisons of our operating results to our peer companies. Management believes that the expense associated with the amortization of acquisition-related intangible assets is appropriate to be excluded because a significant portion of the purchase price for acquisitions may be allocated to intangible assets that have short lives and exclusion of the amortization expense allows comparisons of operating results that are consistent over time for Brocade's newly acquired and long-held businesses.
Finally, management believes that it is appropriate to exclude the tax effects of the items noted above in order to present a more meaningful measure of non-GAAP net income.
Limitations These non-GAAP financial measures have limitations, however, because they do not include all items of income and expense that impact the Company. Management compensates for these limitations by also considering Brocade's GAAP results. The non-GAAP financial measures that Brocade uses are not prepared in accordance with, and should not be considered an alternative to measurements required by GAAP, such as operating income, net income and net income per share, and should not be considered measurements of Brocade's liquidity. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. In addition, these non-GAAP financial measures may not be comparable to similar measurements reported by other companies.
Cautionary Statement
This press release contains statements that are forward-looking in nature, including statements regarding Brocade's future financial performance. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties which may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, changes in IT spending levels in one or more of our target markets, including the government sector, Brocade's ability to capitalize on new Brocade sales and marketing initiatives, including expanded go-to-market activities in our IP Networking business, customer acceptance of Brocade's Ethernet fabric solutions, Brocade's ability to continue to successfully innovate new products and services on a timely basis and achieve widespread market acceptance, and the effect of increasing market competition and changes in the industry. Certain of these and other risks are set forth in more detail in our Form 10-Q for the fiscal quarter ended July 28, 2012 and in "Item 1A. Risk Factors" in Brocade's Annual Report on Form 10-K for the fiscal year ended October 29, 2011. Brocade does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.
About Brocade
Brocade (NASDAQ: BRCD) is the pure-play networking company that innovates to make high-performance networks easier to deploy, manage, and scale in the most demanding environments.
ADX, Brocade, Brocade Assurance, Brocade One, the B-wing symbol, DCX, Fabric OS, ICX, MLX, MyBrocade, SAN Health, VCS, and VDX are registered trademarks, and AnyIO, HyperEdge, NET Health, OpenScript, and The Effortless Network are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. Other brands, products, or service names mentioned may be trademarks of their respective owners.
© 2012 Brocade Communications Systems, Inc. All Rights Reserved.
BROCADE COMMUNICATIONS SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended For the Year Ended
------------------------ ------------------------
October 27, October 29, October 27, October 29,
2012 2011 2012 2011
----------- ----------- ----------- -----------
(In thousands, except per share amounts)
Net revenues
Product $ 491,169 $ 460,993 $ 1,890,856 $ 1,789,814
Service 87,188 89,479 346,914 357,628
----------- ----------- ----------- -----------
Total net revenues 578,357 550,472 2,237,770 2,147,442
----------- ----------- ----------- -----------
Cost of revenues
Product 176,635 179,184 689,856 677,196
Service 41,032 43,773 164,895 186,712
----------- ----------- ----------- -----------
Total cost of
revenues 217,667 222,957 854,751 863,908
----------- ----------- ----------- -----------
Gross margin 360,690 327,515 1,383,019 1,283,534
Operating expenses:
Research and
development 90,310 83,733 363,090 354,401
Sales and marketing 150,581 145,523 608,502 608,513
General and
administrative 18,831 16,330 74,583 69,506
Amortization of
intangible assets 14,737 14,476 59,204 60,713
Restructuring,
integration and
indemnification costs
(recoveries) (89) -- (89) 125
Loss on sale of
subsidiary -- 12,756 -- 12,756
----------- ----------- ----------- -----------
Total operating
expenses 274,370 272,818 1,105,290 1,106,014
----------- ----------- ----------- -----------
Income from operations 86,320 54,697 277,729 177,520
Interest expense (14,684) (13,481) (52,488) (97,838)
Interest and other
income (expense), net 531 (81) (814) (378)
Gain (loss) on sale of
investments and
property, net (26) (13) (26) 124
----------- ----------- ----------- -----------
Income before income tax 72,141 41,122 224,401 79,428
Income tax expense 18,140 45,446 29,220 28,818
----------- ----------- ----------- -----------
Net income (loss) $ 54,001 $ (4,324) $ 195,181 $ 50,610
=========== =========== =========== ===========
Net income (loss) per
share -- basic $ 0.12 $ (0.01) $ 0.43 $ 0.11
=========== =========== =========== ===========
Net income (loss) per
share -- diluted $ 0.11 $ (0.01) $ 0.41 $ 0.10
=========== =========== =========== ===========
Shares used in per share
calculation -- basic 459,333 474,975 456,629 474,259
=========== =========== =========== ===========
Shares used in per share
calculation -- diluted 474,213 474,975 472,343 497,030
=========== =========== =========== ===========
BROCADE COMMUNICATIONS SYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
October 27, October 29,
2012 2011
----------- -----------
(In thousands, except
par value)
Assets
Current assets:
Cash and cash equivalents $ 713,226 $ 414,202
Short-term investments -- 774
----------- -----------
Total cash, cash equivalents and short-term
investments 713,226 414,976
Accounts receivable, net of allowances for
doubtful accounts of $827 and $1,388 at October
27, 2012 and October 29, 2011, respectively 233,139 249,141
Inventories 68,179 74,172
Deferred tax assets 91,539 53,604
Prepaid expenses and other current assets 49,496 52,308
----------- -----------
Total current assets 1,155,579 844,201
Property and equipment, net 518,940 532,384
Goodwill 1,624,089 1,630,967
Intangible assets, net 109,265 214,697
Non-current deferred tax assets 136,175 210,028
Other assets 37,213 42,031
----------- -----------
Total assets $ 3,581,261 $ 3,474,308
=========== ===========
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 117,350 $ 109,471
Accrued employee compensation 182,597 118,298
Deferred revenue 216,283 201,421
Current liabilities associated with facilities
lease losses 976 1,456
Current portion of long-term debt 1,977 40,539
Other accrued liabilities 91,285 94,802
----------- -----------
Total current liabilities 610,468 565,987
Long-term debt, net of current portion 599,203 748,904
Non-current liabilities associated with facilities
lease losses 1,606 2,496
Non-current deferred revenue 76,907 69,024
Non-current income tax liability 47,370 63,593
Other non-current liabilities 9,887 10,166
----------- -----------
Total liabilities 1,345,441 1,460,170
----------- -----------
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000 shares
authorized, no shares issued and outstanding -- --
Common stock, $0.001 par value, 800,000 shares
authorized: Issued and outstanding: 456,913 and
448,022 shares at October 27, 2012 and October
29, 2011, respectively 457 448
Additional paid-in capital 2,009,190 1,984,830
Accumulated other comprehensive loss (9,864) (11,996)
Retained earnings 236,037 40,856
----------- -----------
Total stockholders' equity 2,235,820 2,014,138
----------- -----------
Total liabilities and stockholders' equity $ 3,581,261 $ 3,474,308
=========== ===========
BROCADE COMMUNICATIONS SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Three Months Ended
------------------------
October 27, October 29,
2012 2011
----------- -----------
(In thousands)
Cash flows from operating activities:
Net income (loss) $ 54,001 $ (4,324)
Adjustments to reconcile net income (loss) to
net cash provided by operating activities:
Excess tax benefits from stock-based
compensation (3,803) (393)
Depreciation and amortization 47,535 50,899
Loss on disposal of property and equipment 479 279
Loss on sale of subsidiary -- 12,756
Amortization of debt issuance costs and
original issue discount 4,021 1,259
Net (gains) losses on investments (144) 8
Provision for doubtful accounts receivable and
sales allowances 1,768 1,286
Non-cash compensation expense 18,423 19,671
Changes in assets and liabilities:
Accounts receivable (3,753) 39,759
Inventories 6,755 4,258
Prepaid expenses and other assets 1,312 2,381
Deferred tax assets 1,075 (2,181)
Accounts payable (756) (7,043)
Accrued employee compensation 42,125 22,400
Deferred revenue 13,367 6,280
Other accrued liabilities 28,315 59,755
Liabilities associated with facilities lease
losses (228) (817)
----------- -----------
Net cash provided by operating activities 210,492 206,233
----------- -----------
Cash flows from investing activities:
Proceeds from maturities and sale of short-term
investments 952 --
Purchases of property and equipment (16,792) (20,136)
Proceeds from sale of subsidiary -- 3,905
----------- -----------
Net cash used in investing activities (15,840) (16,231)
----------- -----------
Cash flows from financing activities:
Payment of principal related to the term loan (30,000) (50,001)
Payment of fees related to the term loan -- (77)
Proceeds from term loan -- 1
Payment of principal related to capital leases (477) (450)
Common stock repurchases (60,056) (200,654)
Proceeds from issuance of common stock 22,319 3,819
Excess tax benefits from stock-based
compensation 3,803 393
----------- -----------
Net cash used in financing activities (64,411) (246,969)
----------- -----------
Effect of exchange rate fluctuations on cash and
cash equivalents 2,359 (1,390)
----------- -----------
Net increase (decrease) in cash and cash
equivalents 132,600 (58,357)
Cash and cash equivalents, beginning of period 580,626 472,559
----------- -----------
Cash and cash equivalents, end of period $ 713,226 $ 414,202
=========== ===========
BROCADE COMMUNICATIONS SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
For the Year Ended
------------------------
October 27, October 29,
2012 2011
----------- -----------
(In thousands)
Cash flows from operating activities:
Net income $ 195,181 $ 50,610
Adjustments to reconcile net income to net cash
provided by operating activities:
Excess tax benefits from stock-based
compensation (5,141) (312)
Depreciation and amortization 192,218 206,352
Loss on disposal of property and equipment 883 2,325
Loss on sale of subsidiary -- 12,756
Amortization of debt issuance costs and
original issue discount 7,788 13,183
Write-off of debt issuance costs and original
issue discount on debt extinguishment -- 25,465
Net gains on investments (179) (340)
Provision for doubtful accounts receivable and
sales allowances 11,301 9,343
Non-cash compensation expense 77,169 83,076
Changes in assets and liabilities:
Accounts receivable 4,701 53,561
Inventories 4,656 1,327
Prepaid expenses and other assets 3,987 (1,688)
Deferred tax assets 1,256 (2,158)
Accounts payable 7,720 (38,917)
Accrued employee compensation 47,679 216
Deferred revenue 22,744 19,579
Other accrued liabilities 20,277 20,878
Liabilities associated with facilities lease
losses (1,370) (6,024)
----------- -----------
Net cash provided by operating activities 590,870 449,232
----------- -----------
Cash flows from investing activities:
Purchases of short-term investments -- (38)
Proceeds from maturities and sale of short-term
investments 952 1,604
Purchases of property and equipment (72,797) (96,797)
Proceeds from sale of subsidiary 35 3,905
----------- -----------
Net cash used in investing activities (71,810) (91,326)
----------- -----------
Cash flows from financing activities:
Payment of principal related to the term loan (190,000) (359,898)
Payment of fees related to the term loan -- (1,167)
Proceeds from term loan -- 198,950
Payment of principal related to capital leases (1,866) (1,761)
Common stock repurchases (130,209) (210,698)
Proceeds from issuance of common stock 98,791 97,152
Excess tax benefits from stock-based
compensation 5,141 312
----------- -----------
Net cash used in financing activities (218,143) (277,110)
----------- -----------
Effect of exchange rate fluctuations on cash and
cash equivalents (1,893) (578)
----------- -----------
Net increase in cash and cash equivalents 299,024 80,218
Cash and cash equivalents, beginning of year 414,202 333,984
----------- -----------
Cash and cash equivalents, end of year $ 713,226 $ 414,202
=========== ===========
BROCADE COMMUNICATIONS SYSTEMS, INC.
RECONCILIATION BETWEEN GAAP AND NON-GAAP NET INCOME
(Unaudited)
Three Months Ended
------------------------
October 27, October 29,
2012 2011
----------- -----------
(In thousands, except
per share amounts)
Net income (loss) on a GAAP basis $ 54,001 $ (4,324)
Adjustments:
Stock-based compensation expense included in
cost of revenues 3,388 4,345
Amortization of intangible assets expense
included in cost of revenues 10,713 14,090
Legal fees associated with certain pre-
acquisition litigation -- 59
----------- -----------
Total gross margin adjustments 14,101 18,494
----------- -----------
Legal fees recovery associated with
indemnification obligations and other related
costs, net (89) --
Stock-based compensation expense included in
research and development 4,211 3,984
Stock-based compensation expense included in
sales and marketing 8,311 8,987
Stock-based compensation expense included in
general and administrative 2,513 2,355
Amortization of intangible assets expense
included in operating expenses 14,737 14,476
Loss on sale of subsidiary -- 12,756
----------- -----------
Total operating expense adjustments 29,683 42,558
----------- -----------
Total operating income adjustments 43,784 61,052
Income tax effect of adjustments (19,443) 22,018
----------- -----------
Non-GAAP net income $ 78,342 $ 78,746
=========== ===========
Non-GAAP net income per share -- basic $ 0.17 $ 0.17
=========== ===========
Non-GAAP net income per share -- diluted $ 0.17 $ 0.16
=========== ===========
Shares used in non-GAAP per share calculation --
basic 459,333 474,975
=========== ===========
Shares used in non-GAAP per share calculation --
diluted 474,213 485,895
=========== ===========
BROCADE COMMUNICATIONS SYSTEMS, INC.
RECONCILIATION BETWEEN GAAP AND NON-GAAP NET INCOME
(Unaudited)
For the Year Ended
------------------------
October 27, October 29,
2012 2011
----------- -----------
(In thousands, except
per share amounts)
Net income on a GAAP basis $ 195,181 $ 50,610
Adjustments:
Stock-based compensation expense included in
cost of revenues 15,433 15,606
Amortization of intangible assets expense
included in cost of revenues 46,229 57,489
Benefit from certain pre-acquisition litigation -- (14,335)
Legal fees (recovery) associated with certain
pre-acquisition litigation (465) 443
----------- -----------
Total gross margin adjustments 61,197 59,203
----------- -----------
Legal fees (recovery) associated with
indemnification obligations and other related
costs, net (89) 125
Stock-based compensation expense included in
research and development 17,952 18,959
Stock-based compensation expense included in
sales and marketing 33,257 36,068
Stock-based compensation expense included in
general and administrative 10,527 12,442
Amortization of intangible assets expense
included in operating expenses 59,204 60,713
Loss on sale of subsidiary -- 12,756
----------- -----------
Total operating expense adjustments 120,851 141,063
----------- -----------
Total operating income adjustments 182,048 200,266
Debt issuance costs and original issue discount
of debt related to lenders that did not
participate in refinancing -- 25,465
Income tax effect of adjustments (66,458) (29,886)
----------- -----------
Non-GAAP net income $ 310,771 $ 246,455
=========== ===========
Non-GAAP net income per share -- basic $ 0.68 $ 0.52
=========== ===========
Non-GAAP net income per share -- diluted $ 0.66 $ 0.50
=========== ===========
Shares used in non-GAAP per share calculation --
basic 456,629 474,259
=========== ===========
Shares used in non-GAAP per share calculation --
diluted 472,343 497,030
=========== ===========
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In his session at the 12th International Cloud Expo, Dave Eichorn, Global Data Center Practice Head at Zensar, will share a case study describing how a utility services company handled the migration of its Microsoft platform to the cloud. Challenged with the time-consuming task of opening operations out of temporary offices, this company struggled with the need to simultaneously access data that was accumulated from a vast amount of data-intensive jobs. Zensar migrated the company’s application ...
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You're getting pitched every day from your legacy enterprise software and hardware vendors about "cloud." They're doing an amazing job of convincing your CIO and CTO about what cloud is and how you should use it. The reality is they're defending their shrinking market share and keeping you on the legacy treadmill for as long as they can by selling you solutions that aren't "cloud."
In her session at the 12th International Cloud Expo, Niki Acosta, Cloud Evangelista for Rackspace, will talk thro...
Hyper-V Replica is our included asynchronous site-to-site VM replication capability for Windows Server 2012 and our free Hyper-V Server 2012 bare-metal enterprise-grade hypervisor. Using Hyper-V Replica, you can quickly implement a cost-effective disaster recovery plan for your business critical VM...
Imagine if you could take a time machine five years into the future, so that you would know which of today’s new technologies panned out and which did not.
Most companies have only started using cloud in the past two years. But there are some companies that have been using cloud for five years or...
Don and I have four children, all of whom have had the fortune to take piano lessons (I'm not sure if the youngest would agree he's fortunate at this point in his life but at five, he's not really able to answer the question with any degree of wisdom, anyway. Come to think of it, not sure the other ...
Our prior post, A Roadmap to High-Value Cloud Infrastructure: Disaster Recovery and Data Protection, discussed both the benefits and limitations of a cloud-based disaster recovery (DR) strategy. As we highlighted last week, traditional disaster recovery options leave open a huge hole: At one extreme...
Online collaboration has evolved during the last decade, delivering even greater value -- thanks to a new generation of business technology applications. Forbes Insights released "Collaborating in the Cloud," a Cisco-sponsored study examining the ways business leaders increasingly look at cloud coll...
New technologies allow schools, colleges and universities to analyze absolutely everything that happens. From student behavior, testing results, career development of students as well as educational needs based on changing societies. A lot of this data has already been stored and is used for statist...
A recent Gartner study states that the function of the modern CIO is in flux and that his or her future focus must incorporate digital assets (aka cloud-based data and applications) to remain relevant. Towards the goal of riding the sea change a compiler of stacks to a broker of business needs, secu...
In the coming years, big data will change the way organisations and societies are operated and managed. Big data however, is not the only trend that will impact significantly how organisations operate. Another major trend at the moment is gamification. Gamification will change the way organisations ...
We all talk about cloud differently, but is there a way we should be speaking about this tech?
Cloud computing is now a widely reported, if not accepted, IT movement that, depending on who you talk to, has changed or is changing the way businesses utilize infrastructure.
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